CEOs slightly more optimistic this quarter

Author:
Updated:
Original:

The confidence of CEOs crept up a notch in the second half of 2008, according to the Conference Board’s Measure of CEO Confidence.

The confidence level of chief executives inched up to 39 in the second quarter, compared to 38 in the previous quarter. (A reading of more than 50 points reflects more positive than negative responses.) The last time the measure fell below 38 was in the first quarter of 2000, when it dropped to 31.

“CEOs continue to rate current economic conditions as unfavorable, and their short-term expectations suggest this slow growth environment will exist for the remainder of the year,” said Lynn Franco, director of the Conference Board Consumer Research Center, in a statement.

CEOs’ assessments of current economic conditions barely registered an improvement, with less than 7 percent stating economic conditions had improved, compared to 3 percent last quarter. In assessing their respective industries, business leaders were more pessimistic. About 9 percent claim conditions are better, down from 14 percent in the first quarter.

Looking ahead six months, the outlook was mixed. Today, 24 percent of business leaders expect economic conditions to improve in the next six months, up from 20 percent last quarter. Expectations for their respective industries, however, did not improve with 20 percent of CEOs anticipate an improvement in the months ahead, down from 23 percent last quarter.

Related

Future Sales Focal Point

This month’s Pulse Report survey asks if inventory levels and other concerns will be a factor in boat-show participation. Take the survey here.

ABYC Releases ‘Largest Update’ of Standards

The 61st supplement of its Standards and Technical Information Reports for Small Craft includes electric propulsion and electrical systems.

Fort Myers Tech Receives Training Support

Yamaha and the Marine Industries Association of Southwest Florida and Tampa Bay donate to the college’s new maintenance certification program.

LCI Reports Record Q2

The parent of OEM supplier Lippert Components saw a 108 percent increase in net sales to $1.1 billion.

Cox Marine Addresses the Supply Chain

The diesel outboard manufacturer brings all sub-assembly production in-house to obviate delivery issues.

Boat Shows and Dealer Week Are Calls to Action

Shows are one of the best ways to connect face-to-face with customers, and MRAA’s signature conference can give insights into achieving retail success.